Fund Evaluator:
AB Mid Cap Value Port Z (ABMVX)
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Best Performing in Mid-Cap Value Over the Last Year
| 41.4% | Fidelity Value Strategies (FSLSX) |
| 39.3% | Fidelity Advisor Mid Cap Value Z (FIDFX) |
| 39.2% | Fidelity Mid Cap Value (FSMVX) |
| 38.8% | Harbor Mid Cap Value Instl (HAMVX) |
| 38.3% | Harbor Mid Cap Value Investor (HIMVX) |
Fund Details
AB Mid Cap Value Port Z Overview
AB Mid Cap Value Port Z (ABMVX) is an actively managed U.S. Equity Mid-Cap Value fund. AllianceBernstein launched the fund in 2024.
The investment seeks long-term growth of capital. The fund invests primarily in a diversified portfolio of equity securities of mid‑capitalization U.S. companies. Under normal circumstances, the fund invests at least 80% of its net assets in securities of mid‑capitalization companies. For purposes of this policy, mid‑capitalization companies are those that, at the time of investment, fall within the capitalization range between the smallest company in the Russell Midcap® Index.
About AB Mid Cap Value Port Z (ABMVX)
There are 1 members of the management team with an average tenure of 2.25 years: James MacGregor (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Russell Mid Cap Value TR USD index with a weighting of 100%. AB Mid Cap Value Port Z has 58 securities in its portfolio. The top 10 holdings constitute 28.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
AB Mid Cap Value Port Z is part of the Equity global asset class and is within the U.S. Equity fund group. AB Mid Cap Value Port Z has 0.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 99.3%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). AB Mid Cap Value Port Z has 0.7% of the portfolio in cash.
Assets Under Management
The fund has $2 million in total assets, which is below the $642 million average for the Mid-Cap Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
ABMVX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The AB Mid Cap Value Port Z expense ratio is above average compared to funds in the Mid-Cap Value category. AB Mid Cap Value Port Z has an expense ratio of 0.67%, which is 35% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. AB Mid Cap Value Port Z has a portfolio turnover rate of 52%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Mid-Cap Value category.
Recently, in the month of July 2026, AB Mid Cap Value Port Z returned 0.7%, which earned it a grade of D, as the Mid-Cap Value category had an average return of 1.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
AB Mid Cap Value Port Z has a trailing yield of 1.17%, which is above the 0.87% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
AB Mid Cap Value Port Z Grades
Year to date, the fund has returned 20.7%, 5.1 percentage points better than the category, which translates into a grade of A. The fund has returned 25.3% over the past year (grade of B).
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ABMVX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| ABMVX Return (NAV) | 0.7% | 5.5% | 25.3% | na | na | na |
| ABMVX Grade | D | C | B | na | na | na |
| +/- Category | -1.0% | -0.5% | 2.2% | na | na | na |
| Mid-Cap Value Avg | 1.7% | 6.0% | 23.1% | 13.4% | 9.4% | 10.1% |
| ABMVX Tax Cost Ratio | na | na | 1.8% | na | na | na |
ABMVX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| ABMVX Return (NAV) | 20.7% | 10.9% | na | na | na | na | na | na | na | na | na |
| ABMVX Grade | A | B | na | na | na | na | na | na | na | na | na |
| +/- Category | 5.1% | 1.1% | na | na | na | na | na | na | na | na | na |
| Mid-Cap Value Avg | 15.5% | 9.9% | 11.8% | 13.9% | -8.2% | 27.5% | 3.8% | 26.3% | -13.4% | 14.1% | 17.4% |
| Risk Measures | |
| Standard Deviation: | na |
| Total Risk Index: | na |
| Category Risk Index: | na |
| Category Risk Grade: | |
| Beta: | na |
| R-Squared: | na |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 1.2% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $2 Mil |
| Fund Total Assets: | $ 3 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 52% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 2.3 years | |||
| Average Tenure: 2.3 years | |||
| Managers (Year): MacGregor James (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 58 |
| % in Top 10 Holdings: | 28.1% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 0.0% |
Portfolio Allocation |
|
| Domestic Stock: | 99.3% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.7% |
Purchase Information
| Fund Family: | AllianceBernstein |
| Phone Number: | 800-221-5672 |
| Website: | www.abglobal.com |
| Status: | Open |
| Inception Date: | April 29, 2024 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.67% ( Rating : Above Avg ) |
| Category Average Expense Ratio (%): | 1.03% |
| Share Class: | AB Mid Cap Value Port Z |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
